Bitcoin nears $66K as Trump says US has peace deal with Iran
Bitcoin rose to nearly $66,000 after Donald Trump claimed the US had brokered a peace deal with Iran that would reopen the Strait of Hormuz and ease the oil blockade. BTC hit $65,881 on Coinbase, its highest level in 12 days, as traders treated the news as a reduction in geopolitical risk. A Bitrue analyst said the move reflected a “risk-on” shift, though the deal could still face last-minute issues before expected Iranian approval on Friday. The broader crypto market also gained about 2%, with some altcoins posting double-digit gains. At the same time, crude oil fell sharply, with WTI and Brent dropping to their lowest levels in months. Bitcoin remains below its October peak, but has been recovering after briefly dipping under $60,000 earlier in June. Further volatility may come from the Federal Reserve’s upcoming rate decision.
